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I'd suggest that you buy $20 or $100 or whatever you are comfortable losing and start to play around with it and learn how it works. Try out some different wallets, try making transactions, creating new keys, etc. Once you understand everything better and you have a solid grasp on proper key management then you can go big and keep all the coins yourself so you won't have to worry about any exchange failing.
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Wow I'm surprised to see it over 260 today, I thought we wouldn't see that until Monday. I'm feeling pretty confident we'll be breaking $270 this week.
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Bitcoin makes it so that just about anyone can start selling online. Previously one would have to use a shopping cart and sign up with a 3rd party payment processor in order to accept payments. Paying a transaction fee plus a subscription fee, it was ridiculous. Now with bitcoin you can create a small online shop and start selling your items with just a few lines of code. This is what I like the most about bitcoin.
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I expect that satoshi does browse this forum from time to time when things in the bitcoin ecosystem are happening. But I don't think he is posting under a different name. I definitely believe he is watching to see how the blocksize debate pans out but I don't think he is going to post anything.
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I am glad that it is holding over $250 this weekend. I expect we should see some nice movement during the week coming up, still looks like the bulls are in control. They will really need to kick it into high gear to anywhere close to 1200  |
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This is really great work by Dan and the moneypot team. I'm going to give this a whirl and see if I get a clone working myself, sounds pretty straight forward.
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Is there something us users can do to help this issue? If I launched my full node and started validating transactions would this help, not help this issue? This seems serious.
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If there was a sudden influx of 9 million USD added to bitcoin per month that would send the price up significantly.
I think the IF really needs to be repeated. Will the users at backpage start using bitcoin? I think there will be some that do, since they know it's a good source to gain customers but how many actually convert vs finding a new site, 10%, 30%?
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I would like to purchase your product. When will it be available?
I think the early birds who contributed to his indie-gogo campaign will start shipping out sometime this month. I'm excited to receive mine. As for regular sales I think that still might be a month or two away. That's a good question for OP. |
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What's the point of this if you are not betting money?
Not everyone has a gambling problem. Sometimes it's fun to express your opinions to others without laying money down on the line. $1200 in a month, that would be insane, could you imagine the media? Let's keep a steady climb going I'm okay with that. |
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Like I posted on another thread, if this is WAVE II that is ending, then the top of WAVE III will be at around $120k/Bitcoin. If this comes to pass, there will be a transfer of wealth into Bitcoin the likes of which humanity has never experienced. As technological development advances, and hits the proverbial knee of the curve in the 2030's, the purchasing power of a Bitcoin will rise to heights unimagined - Probably on the order of tens or hundreds of millions of dollars in today's money. Even 1 Billion USD/Bitcoin in purchasing power (and beyond) are possible. The value of Bitcoin will represent the future growth projections of the Human/Machine civilization which will be rapidly expanding into virtual worlds and virtual economies as large as those we see today from G1 nations.
Anything near that dollar amount would unsustainable for a long period. At least anytime in the next 10 years when block rewards will still be at least 3 BTC per block. Could you imagine in 2025 when rewards are 3 BTC if it were $120K per BTC or $360,000 every ten minutes, that's $51 million dollars a day that would have to absorbed. I just don't see that type of value happening, at least not until 20+ years from now. $51 mil a day is NOTHING, less than half a million of AAPL shares while there are more than 5 bil of those (so, 1/10000 of AAPL shares-a single stock). Incidentally, 44 mil shares of AAPL traded today-$5.5 bil (100 times more $$ than you describe).$51 mil has as much volume for market as an ants fart in the forest (well, maybe rabbits). Very interesting, I did not know that. Well that's good some people think it's possible. I'm not opposed to the idea but it just seems like such a large amount compared to the current daily inflation rate. |
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$260+ holding up quite nicely. I think we'll see the price move upwards to past $320 in the next two or three weeks.
Agreed. Earlier today it looked like it was creating a head and shoulders pattern but it looks like that's not happening anymore. For a while I thought we were going to go back to $255 or below, nice to see the $260 is holding. Will there be another push for $270 soon, it's been an important mark. Taken from r/bitcoinmarkets: |
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Like I posted on another thread, if this is WAVE II that is ending, then the top of WAVE III will be at around $120k/Bitcoin. If this comes to pass, there will be a transfer of wealth into Bitcoin the likes of which humanity has never experienced. As technological development advances, and hits the proverbial knee of the curve in the 2030's, the purchasing power of a Bitcoin will rise to heights unimagined - Probably on the order of tens or hundreds of millions of dollars in today's money. Even 1 Billion USD/Bitcoin in purchasing power (and beyond) are possible. The value of Bitcoin will represent the future growth projections of the Human/Machine civilization which will be rapidly expanding into virtual worlds and virtual economies as large as those we see today from G1 nations.
Anything near that dollar amount would unsustainable for a long period. At least anytime in the next 10 years when block rewards will still be at least 3 BTC per block. Could you imagine in 2025 when rewards are 3 BTC if it were $120K per BTC or $360,000 every ten minutes, that's $51 million dollars a day that would have to absorbed. I just don't see that type of value happening, at least not until 20+ years from now. |
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Is it a good time to resurrect this old thread? Finex keeps hitting new highs all day. I haven't seen this much positive movement in a while.
Party time!!!!
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At what price do those 18k shorts on finex get margin called? (poor die hard bears)
Some are already closing. In the last 24 hours shorts on finex have dropped by 1,500 BTC. Doesn't look like any cascading calls yet though. We move up a bit and then a little down but overall it's up. |
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Meanwhile in Greece...  That's an amazing photograph. and to stay on topic... there's a pretty decent wall at 258 on bitfinex, but the price keeps cranking up slowly. |
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Sounds like you are going to have to learn some programming languages and do it yourself. Not sure how you plan on putting together a team without telling anyone what you need. Even if you keep the idea to yourself, can you be more specific about the type of help you need?
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Yes you can using listreceivedbyaddress <bitcoinaddress> This will give you a JSON format output listing transaction IDs: {
"address" : "1DmSyCK1jm5twEe61aqyTPb6wmBNctaTxL",
"account" : "",
"amount" : 0.03368750,
"confirmations" : 21348,
"txids" : [
"10a02647a678ca4a9eaf5259ef277ad7741c72188c936bdc22e6ab3cbe17c12f",
"3a3efe97e6df33aefc1ffb55169c8e8c70ab4cc5d6c9665a46a36865c003d42e",
"b29948f6e452ecd9f027d38de9388950f47f53ee1f20eb292f5d29cc573ebda0",
"b2b63e054e5417a40099b5ead2b9ecdce43c71e71c66a1a4a3436ae4192bd9c2",
"ef13aaad12e675ef7e2bc901fcedd981e3160a5e11e75fe28597f4fc80614e4e",
"fbc4cb561bfaa861fe3ff208a31e009c40edeeaa4fde8f7d9284f93a071f3ed4"
]
}
Plug in the TX ID into the getrawtransaction, remember to add the 1 after the txid to get it in JSON format : getrawtransaction <txid> 1 //Gets scriptPubKey and vout Then you can create the raw transaction with the outputs you choose, then sign them and lastly send. Here's a little cheat sheet I use for raw multi-sig: getnewaddress //Generates new bitcoin address
validateaddress <address> //Gets publicKey address
dumpprivkey <address> //Gets the privatekey
getrawtransaction <txid> 1 //Gets scriptPubKey and vout
createmultisig 2 '["","",""]' //Creates the multisig address
createrawtransaction '[{"txid":"","vout":}]' '{"receive_address":0.0008}'
signrawtransaction 'hash_from_createraw' '[{"txid":"","vout":,"scriptPubKey":"","redeemScript":""}]' '["priv_key"]'
signrawtransaction 'hash_from_signraw' '[{"txid":"","vout":,"scriptPubKey":"","redeemScript":""}]' '["priv_key2"]'
sendrawtransaction <hash_from_2nd_signraw>
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